Table factors for present values
A. decrease as the interest rate decreases
B. decrease as the number of periods increases
C. increase as the interest rate increases
D. increase as the number of periods increases
Answer: B
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Solve the problem.Assume you have a balance of $1400 on a credit card with an APR of 18%, or 1.5% per month. You start making monthly payments of $600, but at the same time you charge an additional $280 per month to the credit card. Assume that interest for a given month is based on the balance for the previous month. The following table shows how you can calculate your monthly balance. 
Complete and extend the table to show your balance at the end of each month until the debt is paid off.
What will be an ideal response?
Decide whether the statement makes sense. Explain your reasoning.Paul figures that at today's prices he can live on 
per year. Currently, banks are offering an APR of 5%. So he says "if I build a retirement fund that gives me $500,000 by the time I retire, then if the APR remained at 5% for ever, and if I lived for ever, I could live on the interest alone for ever. That's because 5% of $500,000 is 
What will be an ideal response?
Find the indicated sum.
A. -35 B. -14 C. -5 D. -30
Simplify the trigonometric expression by following the indicated direction.Multiply and simplify: 
Fill in the blank(s) with the appropriate word(s).